Posts Tagged ‘flat rate scheme’

Child Benefit Charge The High Income Child Benefit charge applies to a taxpayer who has income over £50,000 in a tax year where either they or their partner, if they have one, are in receipt of Child Benefit for the year. We set out below the main points of the charge and illustrate some of the practical issues. Does this… read more →

A capital gain arises when certain capital (or ‘chargeable’) assets are sold at a profit. The gain is the sale proceeds (net of selling costs) less the purchase price (including acquisition costs). What are the main features of the current system? • From 6 April 2016 capital gains tax (CGT) is charged at the rate of 10% on gains (including… read more →

The base for a good contractor – client relationship is clear communication. When communicating with each other it is important to remember that communication is a 2 ways process, i.e. when feedback is given each party must be open to receive it. This can be a sticking point for some people who take constructive criticism, personally. If you are struggling… read more →

Changes to the Flat Rate Scheme There has been lots of coverage in the UK press about changes that are taking place to the Flat Rate Scheme (FRS) on 1st April. The change has made many contractors (who operate via their own limited company) question if they should stay in the scheme, or if they will be better off leaving… read more →

The reasons why we have asked this question is that today is International Day of Happiness. International Day of Happiness was an idea put forward by the United Nations and is co-ordinated by the organisation Action for Happiness. Action for Happiness believes that progress in life and business can be made through happiness and well-being and not solely through economic… read more →

The gloom and doom of winter are supposedly behind us and we can look forward to warmer days and lighter nights. It’s a time that you may start planning your summer holiday or decide to get out in the garden and start on the jobs that you can’t do in winter. Spring time gives you a new lease of life.… read more →

8th March is a special day for many women across the globe, as it is International Women’s Day. International Women’s Day celebrates the economic and cultural achievements of women from all backgrounds. In celebration of this special day, our article looks at ‘Women in Contracting’. Contracting – open to everyone For a long time contracting was seen as a career… read more →

Group together to stay ahead There’s no need to be out there all on your own. Come and join us! Here at Cogent Accountants, we are thrilled to let you know that we have recently set up our own LinkedIn group. The Contractor & Freelancer Network has been created to allow professional individuals who are involved in the contractor and… read more →

Invoice your way to success As a contractor working via your ow Invoice your way to success n limited company submitting invoices is a very important part of your working life. It’s the way that you receive payment for all the hard work you have done for the client. Creating and submitting an invoice sounds easy, and it is once… read more →

Every February the British Heart Foundation celebrates Heart Month. Heart Month was created to inform and highlight the dangers of Heart Disease. Heart Disease is responsible for more than 73,000 deaths a year. 2.3 million people are living with CHD (Coronary Heart Disease) and 2 million people are affected by Angina. Sadly, Heart Disease is known as the ‘silent killer’.… read more →